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Oct 8, 2012
10/12
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government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on news the unemployment rate dropped to 7.8%. the dow gained, the s&p was flat, and a sell-off in apple dragged down the nasdaq. oil and gold staged dramatic pullbacks. today, platnum and gold producers will push to end a strike by south african workers over low wages. philip streible of rjo futures joins us on this monday morning. will we see a follow-through from that jobs number that came out on friday? > > that's a really interesting question. the reason why i bring that up is because the market reaction to the number, it was really well r
government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on...
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Dec 31, 2012
12/12
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, it is 6 or 7% and i don't believe all of it will go on the deficit. when we raised the debt ceiling in august of 2011, we borrowed $2.1 billion. we spent that much money, in 17 months. why would i raise the debt ceiling again, unless we address what put us in debt to begin with? i'm not going to raise the debt ceiling unless we get serious about keeping the country from becoming greece, and social security and medicare, here's what i would like, meaningful entitlement reform, not to turn social security into private accounts, not to take a voucher approach to medicare. but, adjust the age for social security, cpi changes and means testing and look beyond the ten-year window. i cannot in good conscience raise the debt ceiling without addressing the long term debt problems of this country and i will not. >> chris: and, senator feinstein, you heard president obama say we have to get out of the habit and will not start trading debt ceiling increases for spending cuts. >> i think the key to what he is saying is that you don't affect people at this time. wh
, it is 6 or 7% and i don't believe all of it will go on the deficit. when we raised the debt ceiling in august of 2011, we borrowed $2.1 billion. we spent that much money, in 17 months. why would i raise the debt ceiling again, unless we address what put us in debt to begin with? i'm not going to raise the debt ceiling unless we get serious about keeping the country from becoming greece, and social security and medicare, here's what i would like, meaningful entitlement reform, not to turn...
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Aug 9, 2012
08/12
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. >> he said california like greece has a huge budget deficit because of worth less spending. the joke didn't go over well but the costs have fallen making it is exact opposite of spain italian greece. >>> at the end of the vietnam war they are cleaning up chemicals left behind by agent orange. the cleanup will take place in central vietnam. they are mainly cleaning up die objection end which a chemical linked to cancer. this is the first involvement in the direct clean up. >>> another tragedy for a south bay family. this is now connected to a murder for hire plot from two years ago. >>> it is expected to draw 200,000 people from san francisco starting tomorrow, we will explain, stay tuned. cçrrú . >>> welcome back, it is now 4:52 we now know the name of the woman in a fiery crash, she is michelle, she was killed in a murder for hire case. ktvu channel 2 morning news took video of her back in 2010 just after the slaying of her late husband. she died on monday when her vokes wagon died off highway 9. they say speed was a factor in the crash and she is survived by three childr
. >> he said california like greece has a huge budget deficit because of worth less spending. the joke didn't go over well but the costs have fallen making it is exact opposite of spain italian greece. >>> at the end of the vietnam war they are cleaning up chemicals left behind by agent orange. the cleanup will take place in central vietnam. they are mainly cleaning up die objection end which a chemical linked to cancer. this is the first involvement in the direct clean up....
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May 20, 2012
05/12
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they don't pay for a fifth of the proposed deficit spending. get economic growth by lowering tax rates and closing loop holes and deal with spending. under the obama budget the debt goes up 76 percent. if we did nothing it , go up 78 percent. it is economic stagnation and not leadership. the president is punted and we'll lead and we'll get new leadership in washington to get the american idea ignited and grow the economy and pay off the debt. >> chris: gentleman, we'll have to leave ithere. i didn't think we were going to selgs this today. but it was a useful debate. thank you for coming in and talking about what is the central issue in this campaign. thank you both. up next, an update on the president's weekend with summit meetings with world leaders and ask our panel what is done about the economic crisis in europe. from new zealand, os textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason 75% of our mutual funds beat their
they don't pay for a fifth of the proposed deficit spending. get economic growth by lowering tax rates and closing loop holes and deal with spending. under the obama budget the debt goes up 76 percent. if we did nothing it , go up 78 percent. it is economic stagnation and not leadership. the president is punted and we'll lead and we'll get new leadership in washington to get the american idea ignited and grow the economy and pay off the debt. >> chris: gentleman, we'll have to leave...
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Sep 10, 2012
09/12
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some reports say the buyback violates financing state deficits and eases pressure on governments to reform their budgets. many predict that will bring on inflation. meanwhile the spanish government is not even interested in an aid package. it wants to see the details of a possible outcome of the buyback first. and with germany doing the heavy lifting in the eurozone financial crisis, the question arises, how much pressure can the german economy take? we put that question to jack ewing, reporter with the international herald tribune. "that's a big question mark because germany has been very strong. still growing, but growth has slowed along and there was just a new report out predicting that the german economy is going to start to shrink, so people are worried. but, it might explain why germany is suddenly so willing to help out its eurozone partners." numbers that came out friday from the ministry of economics show german manufacturing is holding up during the eurozone debt crisis. exports and output were both up. meanwhile, over in greece, meetings continue today regarding the status of t
some reports say the buyback violates financing state deficits and eases pressure on governments to reform their budgets. many predict that will bring on inflation. meanwhile the spanish government is not even interested in an aid package. it wants to see the details of a possible outcome of the buyback first. and with germany doing the heavy lifting in the eurozone financial crisis, the question arises, how much pressure can the german economy take? we put that question to jack ewing, reporter...
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Feb 14, 2012
02/12
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. >> the president says his budget would reduced and the federal deficit by $4 trillion in ten years, to accomplish that he wants to eliminate bush era tax cuts and raise the amount of taxes paid by wealthy americans and reduce military spending by eliminating navy ships and fighter jets purchases. it does include spending increases such as one for the job training, republicans in congress are not impressed. >>> somebody asked me if this budget was dead on arifle and i said no no, it's not dead on arrival, dead on arrival. >> republicans say the president is not reducing the deficit, he's actually adding to it by $11 trillion and not being honest with the american people. >>> the moderate earthquake hit this afternoon but not big enough to cause major damage or injuries. it was 5.6 and centered 30 miles northeast and struck at 1:07 this afternoon and felt over a wide area. it was described as a wave moving back and forth. stores did report some items falling from store shelves. >>> what caused her death? new details how whitney housen's body was found and what one friend says about th
. >> the president says his budget would reduced and the federal deficit by $4 trillion in ten years, to accomplish that he wants to eliminate bush era tax cuts and raise the amount of taxes paid by wealthy americans and reduce military spending by eliminating navy ships and fighter jets purchases. it does include spending increases such as one for the job training, republicans in congress are not impressed. >>> somebody asked me if this budget was dead on arifle and i said no...
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Nov 6, 2012
11/12
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deficit if romney wins. > > now what about what the market has already been telling us? the markets are very smart. the market is forward-thinking. has the market already priced in this election? > > well, i don't think it has, and i would be very surprised to see if we know who the president is by midnight tonight, so it's priced in, actually, a lot of uncertainty. we have given back the highs we had about a month ago, and we're kind of just sitting here around 1410, 1415 on the s&p 500. so i think what the markets are going to want, and hopefully will get by the end of the week, is a clear-cut victory and lots of momentum, because remember, many of those people who support mitt romney are going to vote their hearts, actually are people who have a lot of capital and are concerned about investing. so, at the end of the day, i think this election will help america move forward, and i would like to see a lot of positive momentum going into the christmas santa claus rally season. > > you may get that, there may be a big relief rally when all of this is over. we'll all be re
deficit if romney wins. > > now what about what the market has already been telling us? the markets are very smart. the market is forward-thinking. has the market already priced in this election? > > well, i don't think it has, and i would be very surprised to see if we know who the president is by midnight tonight, so it's priced in, actually, a lot of uncertainty. we have given back the highs we had about a month ago, and we're kind of just sitting here around 1410, 1415 on the...
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Feb 12, 2012
02/12
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the golden gate bridge district has a projected five-year deficit of $8million. drivers who do not use fast- track transponders who have their license plate photographed and then a bill sent to them in the mail. >> if you are waiting for perhaps thin mints or peanut butter patties, you are in luck. this year is the 100th anniversary of the girl scout cookies that raises money for troop activities and teaches girls business skill. volunteers worked all kay to sort and distribute those cookies to bay area troop leaders and their scuts. this just a fabulous effort by voters. the kids are working hard and leaders are working hard and we do quite a huge amount of work in one day and faze fun to be part of. >> the cookies officially go on sale monday and they cost $4 a box and the scouts now accept debit and considerates. and crasheds. >>> in richmond, tonight an event featured sweet-makers and brewers from around the bay area. the participants say it's a combination that just seems to go together. >> there is chicagos that have beer in them. there is beer that has cho
the golden gate bridge district has a projected five-year deficit of $8million. drivers who do not use fast- track transponders who have their license plate photographed and then a bill sent to them in the mail. >> if you are waiting for perhaps thin mints or peanut butter patties, you are in luck. this year is the 100th anniversary of the girl scout cookies that raises money for troop activities and teaches girls business skill. volunteers worked all kay to sort and distribute those...
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May 24, 2012
05/12
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. >>> their school district is facing a multi- million dollar budget deficit and they have no choice but to cancel all high school sports. coming up at 7:06, the only way they can present these cuts and what they are doing about it today. the sierra lemar case, we are hearing from two of the sisters. they shared their force and they are stunned their procedure accused of kiss napping sierra lemar -- kidnapping sierra lemar and they say their children are now being form menned at -- tormented at school. >> they say, oh, that is your uncle, he is a murderer. >> the sisters say they are aware of his past criminal record but they are confident he had nothing to do with sierra lemar's disappearance. he is linked to an assault in 2009 and has a previous conviction for interfearing with a police officer. and we will be in court later today when antolin garcia- torres makes his first appearance in front of a george. >>> alarm group of fans tweeted her and many people in thailand don't like when they point out their flaws including black market goods. >>> the winner of american idol, season w
. >>> their school district is facing a multi- million dollar budget deficit and they have no choice but to cancel all high school sports. coming up at 7:06, the only way they can present these cuts and what they are doing about it today. the sierra lemar case, we are hearing from two of the sisters. they shared their force and they are stunned their procedure accused of kiss napping sierra lemar -- kidnapping sierra lemar and they say their children are now being form menned at --...
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Jun 21, 2012
06/12
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the district faces a $1.1 million budget deficit. >> they're going to increase class sizes, decrease teachers, move teachers around. >> reporter: yesterday, hanretty pleaded not guilty to the charges. >>> a san francisco couple accused of killing a man who they claimed turned their 17- year-old daughter into a prostitute appeared in court today, accused of his murder. 22-year-old calvin snead was shot to death. friends and family of the couple showed up at the hall of justice today to support them. prosecutors claim the couple also traveled to los angeles county eight days before the murder, and shot and wounded snead. the district attorney says he can understand why the parents are so angry, but says this was a planned killing. >> a father and a mother here became the judge, the jury, and the executioner. the problem is, you know, that vigilante murder is still murder. >> defense attorneys said the two did not enter pleas today, because they're awaiting more information from the prosecution. >>> the alameda county board of supervisors today accepted the resignation of david muhammad
the district faces a $1.1 million budget deficit. >> they're going to increase class sizes, decrease teachers, move teachers around. >> reporter: yesterday, hanretty pleaded not guilty to the charges. >>> a san francisco couple accused of killing a man who they claimed turned their 17- year-old daughter into a prostitute appeared in court today, accused of his murder. 22-year-old calvin snead was shot to death. friends and family of the couple showed up at the hall of...
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Oct 10, 2012
10/12
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>>> a new bi-partisan gang of senators kicked off a meeting in washington dc to work on a long term deficit reduction plan. the group takes over where the gang of six left off last year. they are reconvening two new members to try to find a way to cancel tax hikes and spending cuts set to kick in on january 1st. if they go into effect some warn it could put the country back into a recession. >> a sea lion in disstress. >> and a pretty nice day but live storm tracker 2 showing showers. we mentioned a chance again for sprinkles tomorrow. when that could happen. s out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. . >>> now to the continuing coverage of playoff fever in the bay area and today it's do or die for the giants and the a's. we have live team coverage for you beginning with joe fonzi live in cincinnati where the giants in the middle of a must win game. >> reporter: you hear a lot about that term in sports, must win games but for t
>>> a new bi-partisan gang of senators kicked off a meeting in washington dc to work on a long term deficit reduction plan. the group takes over where the gang of six left off last year. they are reconvening two new members to try to find a way to cancel tax hikes and spending cuts set to kick in on january 1st. if they go into effect some warn it could put the country back into a recession. >> a sea lion in disstress. >> and a pretty nice day but live storm tracker 2...
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Aug 9, 2012
08/12
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. >> romney says california, like greece has a huge budget deficit, because of reckless government spending. the joke hit a sour note at governor jerry brown's office, where an aide called it a paper thin republican talking point that doesn't stand up to scrutiny. campaigning in the battle ground state of colorado, president obama courted the women's vote. he warned women voters that mitt romney would roll back their rights to those of the 1950s. the president highlighted appointments of two women to the supreme court, and his healthcare legislation, which mandates coverage of mammograms and contraception. a "new york times" poll today shows mr. romney trailing 50 to 45%. >>> the widow of a man killed in a notorious murder for hire case. the santa clara coroner said michele achilli died when her volkswagen plunged off highway 9. >> ktvu took this video just after three men were convicted in the slaying of her late husband. mark achilli was shot to death in 2008 over an apparent love triangle. the achillis are survived by two children. >>> we have a dog bites horse story to tell you about to
. >> romney says california, like greece has a huge budget deficit, because of reckless government spending. the joke hit a sour note at governor jerry brown's office, where an aide called it a paper thin republican talking point that doesn't stand up to scrutiny. campaigning in the battle ground state of colorado, president obama courted the women's vote. he warned women voters that mitt romney would roll back their rights to those of the 1950s. the president highlighted appointments of...
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Feb 22, 2012
02/12
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they had expected it to top 33 million but it's still a large deficit so the agency can still raise muni fares, cut service and expand parking meter hours to help close that gap. >>> the commute is awake, sal is awake and he will help you get to where you need to go all over the place. >> yesterday we had that horrible commute, i did a report about it later and that was the metering lights were not working properly. at least the metering lights are on and can let cars on the bridge. we had too much of a big back up. let's go out and take a look at interstate 880 north and southbound and that traffic is moving nicely in both directions and the morning commute is moving well 80 westbound between panel and richmond, let's go to steve. >>> i just tweeted out a 47 to 60 degrees at twin peeks and the marin district -- marin district is warm. they continue to spill in a wide variety of temperatures anywhere from 40s to 60s and mostly observations do say mostly cloudy, most of that fog should be wiped out. fair and warm, breezy at times later on. wind on mt. diablo is picking up at 60 miles per
they had expected it to top 33 million but it's still a large deficit so the agency can still raise muni fares, cut service and expand parking meter hours to help close that gap. >>> the commute is awake, sal is awake and he will help you get to where you need to go all over the place. >> yesterday we had that horrible commute, i did a report about it later and that was the metering lights were not working properly. at least the metering lights are on and can let cars on the...
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May 14, 2012
05/12
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he says california now faces a $15 billion deficit, not $9. that's mainly because of weak revenues. he says if this is not approved, there will have to be another round of cuts in education, state fund education and also welfare. >>> the growing crisis in sacramento is gonna a have an impact on the -- is gonna have an impact on the bay area. today they will meet to talk about ways to close an $88 million deficit with less money coming in from the state capital. >>> 8:34. a long time liquor license ban in san francisco's mission district is ray raising -- is raising new problems. the "chronicle" says it makes it impossible to get a liquor license unless it includes a full-service restaurant. business leaders say the ban is outdated and needs to be amended. they say it makes it ill possible for the mission to ex- - mission to expand. >>> one recall for oakland mayor jean quan will end today. today is the dad lie for the group -- deadline for the group to turn in 20,000 signatures to qualify for the november ballot. the second group has until july 2nd to collect the needed 20,000 signa
he says california now faces a $15 billion deficit, not $9. that's mainly because of weak revenues. he says if this is not approved, there will have to be another round of cuts in education, state fund education and also welfare. >>> the growing crisis in sacramento is gonna a have an impact on the -- is gonna have an impact on the bay area. today they will meet to talk about ways to close an $88 million deficit with less money coming in from the state capital. >>> 8:34. a...
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Jun 28, 2012
06/12
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the deal erases most of the $15.7 billion budget deficit. people on the welfare to work program will have to find jobs within two years. it also allows governor brown to furlough workers without an agreement from their unions. but the budget also depends on voters passing a temporary tax hike in november. if not, $6 billion in cuts take effect on january 1. >>> uc administrators said they will not take a budget cut. the regents were expected to raise tuition 6%. however, administrators say if the tax hikes don't pass in november, it is very likely that student tuition will go up. >>> only on 2 tonight, exclusive video in the search for the shooter who opened fire on a teenager today in the east bay community of ashland. news chopper 2 was over the scene as police surrounded an apartment building looking fire their suspect. heather holmes is live now in alameda county with the surveillance video deputies are using to search for the man. >> reporter: right now, officials are inside. they are reviewing the images captured by surveillance camera
the deal erases most of the $15.7 billion budget deficit. people on the welfare to work program will have to find jobs within two years. it also allows governor brown to furlough workers without an agreement from their unions. but the budget also depends on voters passing a temporary tax hike in november. if not, $6 billion in cuts take effect on january 1. >>> uc administrators said they will not take a budget cut. the regents were expected to raise tuition 6%. however, administrators...
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Aug 9, 2012
08/12
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. >> he said california like greece is a huge budget deficit because of government spending but the joke didn't go over well because of the borrowing costs have made it exactly the opposite of spain italian greece. >>> occupy the farm protesters, demonstrators took over the school in april. police tore down the camp a month later but they are still harvesting and we hadding crops. -- weeding crops. they are videotaping the trespassing. they say they will continue to pick crops as long as there is open access to the field. >>> terry walsh jennings won her third straight gold medal in women's beach volleyball. missty beat another american team and they won the gold. they ran away in track and field up chewing gold in the women's long jump and will lead in the gold medal match. here is the count. united states is 81 total metals. china is second place with 77 and followed by russia, great britain and germ -- and germany. 5:48, let's check in with sal. >>> we are doing well when it comes to traffic in the bay area, contra coster area looks good, as you can see it is crowded but nothing major
. >> he said california like greece is a huge budget deficit because of government spending but the joke didn't go over well because of the borrowing costs have made it exactly the opposite of spain italian greece. >>> occupy the farm protesters, demonstrators took over the school in april. police tore down the camp a month later but they are still harvesting and we hadding crops. -- weeding crops. they are videotaping the trespassing. they say they will continue to pick crops as...
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Feb 13, 2012
02/12
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it is supposed to reduce the deficit by $4 trillion. republicans will present their own plan next month. >>> democrats wrapped up their convention today in san diego. governor jerry brown addressed the party along with kamala harris and they heard from nancy pelosi. one of the main topics was the governor's proposal to raise taxes on the wealthy. that plan was supported by many democrats today. >>> protesters gathered outside to voice their opposition to the national defense authorize action authorization act. they claim the act is a abuse of power that violates civil liberties. officials are appointing people to a board who have no interest in protecting the animals. they say they appointed two members to the board who are in favor of reducing overpopulated herds by slaughtering them. they deny the charges saying they are resorting to scare tactics. they have a horse adoption program and found homes for 225,000 wild horses. >>> pet lovers are calling on lawmakers to block a proposal to cut reimbursements to animal shelters. it requires
it is supposed to reduce the deficit by $4 trillion. republicans will present their own plan next month. >>> democrats wrapped up their convention today in san diego. governor jerry brown addressed the party along with kamala harris and they heard from nancy pelosi. one of the main topics was the governor's proposal to raise taxes on the wealthy. that plan was supported by many democrats today. >>> protesters gathered outside to voice their opposition to the national defense...
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Feb 13, 2012
02/12
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republicans point out the budget projects a $1.3 billion deficit. they will try to promote his plans later this morning. we'll have live coverage. for now we are live in washington, d.c. alison burns. >>> time now 6:16. new this morning bombers targeted israeli diplomats. it happened near the same times. look at these pictures. a driver and a diplomats wife were hurt in the car blasts. security located and defused the car bomb in georgia before it went off. in the past hour israeli prime minister accused iran of the attacks. iran blamed israel for a car bomb that killed a nuclear scientist in iran last month. >>> also a trial started this morning for a suspected terrorist nicknamed the demolition man. omar appeared in court. you see him wearing a white robe and skull coat. he was captured last year in the same pakistani town where osama bin laden was hiding. 202 people were killed in those explosions. there was a $1 million bounty on his head. >>> they have filed a try straining order against an exboyfriend. nadya went went to a new york hotel to se
republicans point out the budget projects a $1.3 billion deficit. they will try to promote his plans later this morning. we'll have live coverage. for now we are live in washington, d.c. alison burns. >>> time now 6:16. new this morning bombers targeted israeli diplomats. it happened near the same times. look at these pictures. a driver and a diplomats wife were hurt in the car blasts. security located and defused the car bomb in georgia before it went off. in the past hour israeli...
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Feb 13, 2012
02/12
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it includes $4 trillion in deficit reduction over ten years. as well as higher spending on transportation and education. now again the president has not walked into the room just yet. but coming up at 8:15, we will tell you the part of the president's budget that republicans already say they will fight. >>> now president obama will come back here to the bay area on thursday. he is appearing at two san francisco fundraisers. the first is a $35,000 a plate dinner for 60 guests. at the private home of a novelist. afterwards the president will appear at a larger event at the knob hill masonic center. ticket prices range from 100 to $7,500. >>> it is 8:07. a 66-year-old woman is dead after trying to help a distressed animal on a los angeles road. police say the woman pulled over late saturday night and walking toward the animal when she was hit by a car. the impact threw her into the opposite lane where she was hit again and that car dragged her for about 600 feet before speeding off. the driver of that car did not stop. >>> the bay area could take
it includes $4 trillion in deficit reduction over ten years. as well as higher spending on transportation and education. now again the president has not walked into the room just yet. but coming up at 8:15, we will tell you the part of the president's budget that republicans already say they will fight. >>> now president obama will come back here to the bay area on thursday. he is appearing at two san francisco fundraisers. the first is a $35,000 a plate dinner for 60 guests. at the...
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Oct 19, 2012
10/12
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the fat part of it on the bat for the first time and his first rbi and long ball it is cutting the deficit to 2-1 giants are awake and ready. lincecum had settled down but in the fifth it all comes unlit. hector sanchez can't hang on and in comes another run as you will see it right here, you just kind of made the tag before he had the ball. and carpenter the guy who replaced beltran in right field is in. that guy has had quite a series. lincecum gave up three walks, very disappointed with his out. >> yes, i don't want to go out there and put the pull pen in the situation the way -- and put the bullpen in the situation that we've been using them in. yeah that first-inning was really big. >> lance lynn against zito tomorrow. didn't hear a peep from the yankees. swept right out of detroit and the play offs with very little fight. tigers blow it open in the fourth. miguel cabrera mr. triple crown. listless into the night, coke the new closer for the tigers gets a final out. clean four game sweep the tigers are the american league champs. taking the pennant right there. you know the 49ers they
the fat part of it on the bat for the first time and his first rbi and long ball it is cutting the deficit to 2-1 giants are awake and ready. lincecum had settled down but in the fifth it all comes unlit. hector sanchez can't hang on and in comes another run as you will see it right here, you just kind of made the tag before he had the ball. and carpenter the guy who replaced beltran in right field is in. that guy has had quite a series. lincecum gave up three walks, very disappointed with his...
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Jun 15, 2012
06/12
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brown's 9 to bill -- 29 billion dollar -- 92 billion dollar pending -- spending plancalifornia has deficit of almost $16 billion. democrats and the governor are at odds over 1.2 billion in cuts to cal works. cal works includes welfare, child care, in home support and college aid. california voters will play a big role in tackling the budget crisis. we will be voting on the governeer income and sales tax plan in november. >>> right now, the second round of the u.s. open is underway. we will show you new video from in morning at the olympic club. michael thompson is the top the leader board at 4 under and is going to tee off before one this afternoon. tiger woods is one of four players that trailed tomson at one under par and -- thompson at one under par and spectators say they got their money worth in the first round. >> fun to see the top name golfers in the mix after the first day. you can't win on the first day but you can lose an it's good to see a lot of players played well. >> most of the top players are near the bottom of the leader board including defending u.s. open champ rory mcil
brown's 9 to bill -- 29 billion dollar -- 92 billion dollar pending -- spending plancalifornia has deficit of almost $16 billion. democrats and the governor are at odds over 1.2 billion in cuts to cal works. cal works includes welfare, child care, in home support and college aid. california voters will play a big role in tackling the budget crisis. we will be voting on the governeer income and sales tax plan in november. >>> right now, the second round of the u.s. open is underway. we...
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Mar 7, 2012
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sometimes called the deficit committee. opponents say the commission's suggestions would amount to unnecessary cuts to social security, medicare and medicaid. among the demonstrators tonight members of the california nurses association and the california alliance for retired americans. >>> doctors medical center in san pablo is asking do you know this man. he can only say a few words and can't seem to say his name or where he is. he was found at the north richmond walgreens store 11 days ago. so far police have not been able to identify him. >>> because of winds at 50 miles per hour in parts of the bay area, inspite of the wind there were no reports of delays today at san francisco international airport and no reports of major damage. wind surfers took advantage of the winds and beachgoers got a look at the landscape. >> it's breezy, it's amazing. >> reporter: you like it? >> i love it. >> reporter: the coast guard towed in a sailboat after it apparently broke lose . >>> the winds are still blowing. let's go outside that wi
sometimes called the deficit committee. opponents say the commission's suggestions would amount to unnecessary cuts to social security, medicare and medicaid. among the demonstrators tonight members of the california nurses association and the california alliance for retired americans. >>> doctors medical center in san pablo is asking do you know this man. he can only say a few words and can't seem to say his name or where he is. he was found at the north richmond walgreens store 11...
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May 19, 2012
05/12
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he went online and estimated the deficit had ballooned to $16 billion. but now the state's legislative analysts projects california could be in a $17 billion hole. however, both the analysts and the governor expect the state's economy to improve by the end of the year, perhaps an indication is california's unemployment rate. it dipped to 10.9% last month. that was down just a bit from 11% in march. according to new data, the state added about 20,000 jobs in april. however, california remains well above the national unemployment rate of 8.1%. the golden state has the third highest unemployment rate in the u.s. trailing only nevada and rhode island. right here in the bay area, the jobless numbers vary from county to county. take a look at the map right leer on the screen. marin county has the lowest rate at 6.4%. counties with the highest rates, solano at 10.2%, contra costa at 9.1 and alameda at 8.9%. >>> uncle sam is helping out young people looking for a summer job. the federal government is announcing 20,000 new youth jobs. they involve building trails
he went online and estimated the deficit had ballooned to $16 billion. but now the state's legislative analysts projects california could be in a $17 billion hole. however, both the analysts and the governor expect the state's economy to improve by the end of the year, perhaps an indication is california's unemployment rate. it dipped to 10.9% last month. that was down just a bit from 11% in march. according to new data, the state added about 20,000 jobs in april. however, california remains...
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Feb 12, 2012
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party leaders have complained the president is not doing enough to shrink the deficit. >>> on tuesday vice president biden will meet the chinese vice president at the white house. the two leaders will also meet with president barack obama and other senior administration officials. the chinese vice president will then travel to los angeles. he is expected to be the next chinese president. >>> apple has filed a u.s. patent lawsuit against samsung. the company wants a federal judge to halt sales of the samsung galaxy nexus smart phone while the case makes its way through the core. the lawsuit involves four apple patents. apple has filed other lawsuits against samsung claiming the company's products violated numerous apple patents. >>> the commerce department will release the january retail sales report tuesday. we're getting a sneak peek. analysts say sales probably increased by .8% last month, if true, that would be the biggest jump in four months. analysts say an increase in car sales is likely fueling the jump. >>> on tuesday online gaming company zenga will report its first earnings
party leaders have complained the president is not doing enough to shrink the deficit. >>> on tuesday vice president biden will meet the chinese vice president at the white house. the two leaders will also meet with president barack obama and other senior administration officials. the chinese vice president will then travel to los angeles. he is expected to be the next chinese president. >>> apple has filed a u.s. patent lawsuit against samsung. the company wants a federal...
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Nov 25, 2012
11/12
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californians could be slapped with new taxes and the state could be thrown into a $11 billion deficit. >> house of representatives could sleet next week. it would expand the number of visas for science and technology students from other countries and make it easier for those students to bring the families to the u.s. house proposal would allow family members to come to the u.s. one year after they applied for the green cards. they say it is a bill to a stepping stone of immigration reform. opponents say the increase for visas for technology student would be upset by eliminating other visa programs. >> it is expected to top the agenda when president obama welcomes mexico's president-elect to the white house this week. he will return to mexico's institutional revolutionary power to party after 12 years when he takes office december 1st. he pushed more nor economic reforms and including overhauls of energy and tax laws. >>> supreme court could decide whether to take up the issue of gay marriage this week. the court is set to hold a closed door conference on friday where they can decide w
californians could be slapped with new taxes and the state could be thrown into a $11 billion deficit. >> house of representatives could sleet next week. it would expand the number of visas for science and technology students from other countries and make it easier for those students to bring the families to the u.s. house proposal would allow family members to come to the u.s. one year after they applied for the green cards. they say it is a bill to a stepping stone of immigration...
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Aug 9, 2012
08/12
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. >> romney says california, like greece, has a huge budget deficit because of reckless government spending. the joke did not go over well with governor jerry brown's office where an aid says california leads the country in the number of jobs created and borrowing costs have fallen, making it the exact opposite of spain, italy, and greece. >>> a land battle continues between berkeley and occupy the farm. demonstrators took over the school owned property. the camp was torn down a month later. occupiers are still out there harvesting and weeding crops. campus police are videotaping the trespassing but say they don't have the resources to stop it. the protesters say they will keep farming the area as long as there's open access to the field. >> well, a parolee has been ordered to stand trial for the shooting near the oakland city hal. 31-year-old isaac mcdaniels is charged with assault an being an accessory in the death of an oakland man. daniels has to stand trial on kidnapping and sexual assaulting a woman five days after the killing. he faces up to 25 years to life for that assault and six
. >> romney says california, like greece, has a huge budget deficit because of reckless government spending. the joke did not go over well with governor jerry brown's office where an aid says california leads the country in the number of jobs created and borrowing costs have fallen, making it the exact opposite of spain, italy, and greece. >>> a land battle continues between berkeley and occupy the farm. demonstrators took over the school owned property. the camp was torn down a...
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Mar 6, 2012
03/12
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the city manager says the general fund is facing a 1.5 million deficit. >>> well, capitola is looking at thousands of dollars in repair bills after the high surf damaged the city's wharf. city leaders say a steel piling that holds the floating docks in place will have to be replaced and a new gas line will have to be installed after the old one was damaged. the actual cost and the timetable for making the repairs. repairs, that will be debated at the meeting. >>> the gaels, they are going dancin'! >> and the geams are gonna -- gaels are gonna celebrate. >> they won a close one last night. 78-74 for, gaels win. you see the fans going crazy. on sunday, st. mary's will find out their seed and where they will may their first game. very exciting. march madness. >> it really -- it really is. >>> breaking news coming in. we just found out a child was hit by a car in san francisco. we'll have the details. >>> also a new white house plan to help community college students. how one bay area college and one bay area hospital can cash in. >>> another reason to be extremely careful about what you
the city manager says the general fund is facing a 1.5 million deficit. >>> well, capitola is looking at thousands of dollars in repair bills after the high surf damaged the city's wharf. city leaders say a steel piling that holds the floating docks in place will have to be replaced and a new gas line will have to be installed after the old one was damaged. the actual cost and the timetable for making the repairs. repairs, that will be debated at the meeting. >>> the gaels,...
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Jun 17, 2012
06/12
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the plan is going to help the mta close a nearly $20 million budget deficit. cal tran has secured funding for the next phase of the parkway project. a public private partnership will help fund construction. it is also going to help fund maintenance on the road. the first phase was completed back in april with a demolition of doyle drive. phase two is expected to begin later this summer. >>> if you are traveling on highway 4 in discovery bay, expect delays for a bit longer. there is one way traffic control as construction crews finish paving work there. traffic should be back open in both directions by 9:00 a.m.. a water main break led to traffic problems in benicia. a sink hole developed at the bottom of an off ramp yesterday morning. police had to close off the ramp so crews could fix the problem. >>> a father in the south bay gets the surprise of a lifetime. best reaction ever. we will talk about a father's day surprise that took weeks to plan. >>> we have breaking news to report out of los angeles. there are multiple reports that 47-year-old rodney king has
the plan is going to help the mta close a nearly $20 million budget deficit. cal tran has secured funding for the next phase of the parkway project. a public private partnership will help fund construction. it is also going to help fund maintenance on the road. the first phase was completed back in april with a demolition of doyle drive. phase two is expected to begin later this summer. >>> if you are traveling on highway 4 in discovery bay, expect delays for a bit longer. there is one...
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Mar 20, 2012
03/12
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. >>> fare hikes were proposed to close an $87 million budget deficit. now, under this plan, one-way fares from larkspur to san francisco would go from $5.70 to $7 by the year 015. senators in sauce lee know would go from 4:45 -- sauce he -- sausalito would go from $4- point 45. >>> all right. let's check in with tara. >> this is in mountain view. this happened on northbound 101 northbound at highway 85. it's causing some backup. it seems to have dissipated over the past couple of minutes. drivers are just letting used to the exprose lanes that cause you money to avoid the traffic. i will bet some people took advantage of that. westbound traffic at the top part of your screen heading towards sunnyvale. >>> and finally, the golden gate bridge no delays. >>> the roadways are dry, but take a look at that cloud cover. we do have scattered showers that will drop eventually. we're looking at the possibility of maybe a little bit of light rain. it will be especially over the north bay. at this however, picking up moisture embedded with the clouds. you can see o
. >>> fare hikes were proposed to close an $87 million budget deficit. now, under this plan, one-way fares from larkspur to san francisco would go from $5.70 to $7 by the year 015. senators in sauce lee know would go from 4:45 -- sauce he -- sausalito would go from $4- point 45. >>> all right. let's check in with tara. >> this is in mountain view. this happened on northbound 101 northbound at highway 85. it's causing some backup. it seems to have dissipated over the past...
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Feb 6, 2012
02/12
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> well, a california lawmakers wants to legalize and tax online gambling to help the state's budget deficit problems. supporters of legalizing online poker estimate it would make the statement up to $250 million a year. now, state nare lou korreia says six out of ten every online gamblers are right here m california. >> california gamblers are already gambling online as we speak. i also believe californians want to gamble legally. so we want to give them the opportunity to gamble online legally. >> now, illegal online gambling is an estimated $30 billion business worldwide. we have much more information about this story on our chan 28 website. to hear -- channel 2 website. to hear how some of the casinos are reacting to this, go to the website to "special reports." >>> new documents show not all california lawmakers have been cutting their budgets equally. for example, john perez boosted the budget of six assembly members by tens of thousands of dollars, even in the face of the state budget crisis. but most assembly members stayed within their budget limits. in fact, five legislators return
> well, a california lawmakers wants to legalize and tax online gambling to help the state's budget deficit problems. supporters of legalizing online poker estimate it would make the statement up to $250 million a year. now, state nare lou korreia says six out of ten every online gamblers are right here m california. >> california gamblers are already gambling online as we speak. i also believe californians want to gamble legally. so we want to give them the opportunity to gamble...
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Jan 3, 2012
01/12
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. >> state lawmakers returned to sacramento tomorrow, they face a projected $12 billion budget deficit by june of next year. however, political analysts doubt meaningful legislation will be passed. they predict legislators will be more pre-occupied with reelection campaigns. lawmakers must now run in newly redrawn districts and there's also the state's new top two system that means the first and second place finishers in the primary regardless of party affiliation will square off in the general election. security at petaluma high school is reexamined, thieves broke in on new year's day. they got in through a window in the staff lounge. no word as to what was taken. the school, by the way, is closed for the winter break. >>> i want to check in with sal and i'm sure the bay bridge toll plaza looks busier than yesterday morning. >> yes, it does. busier, a combination of things. this week would have been just a little lighter, a little bit lighter at the toll plaza. some people are back. and then we had the stalled truck that didn't help things. we also have people saying things are back t
. >> state lawmakers returned to sacramento tomorrow, they face a projected $12 billion budget deficit by june of next year. however, political analysts doubt meaningful legislation will be passed. they predict legislators will be more pre-occupied with reelection campaigns. lawmakers must now run in newly redrawn districts and there's also the state's new top two system that means the first and second place finishers in the primary regardless of party affiliation will square off in the...
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Mar 9, 2012
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trade deficit surged to the widest imbalance in more then three years in january, reflecting a big demand for foreign made products. right now the dow is up 52, nasdaq up 18, s&p up 7. >>> new this morning, the fitch ratings agency has just downgraded greece to what it's called a restricted default rating. it was a reaction to the announcement by the greek government that it had convinced a majority of private creditors to participate in a bond swap deal that was considered crucial to avoid basically going under. that paves the way for the country to receive a huge second international bailout. the reduced rating by fitch though was expected. the ratings agencies consider the bond swap deal to be a default. >>> time is 7:46. the president of virginia tech university will testify today in a wrongful death lawsuit connected to the 2007 west virginia campus shooting. 32 people were killed in that massacre. the student gunman later killed himself. the lawsuit claims university officials were too slow to respond and later tried to cover up their mistakes. >>> pennsylvania's governor is now tal
trade deficit surged to the widest imbalance in more then three years in january, reflecting a big demand for foreign made products. right now the dow is up 52, nasdaq up 18, s&p up 7. >>> new this morning, the fitch ratings agency has just downgraded greece to what it's called a restricted default rating. it was a reaction to the announcement by the greek government that it had convinced a majority of private creditors to participate in a bond swap deal that was considered crucial...
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Jun 24, 2012
06/12
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the next day the city council may adopt a special budget to cover its projected $26 million deficit in case it files for bankruptcy. if negotiations fail, stockton's lawyers could file for chapter 9 bankruptcy on wednesday. >>> the supreme court is expected to hand down its ruling on president obama's healthcare act in the next 23u days. analysts expect justices to strike down at least part, if not the entire law. supporters of the affordable care act say it benefits everyone from seniors to children. more than 3 million young adults under the age of 26 are now covered under their parents' healthcare plans because of the law. >>> a bad cold and an asmatic can lead to an emergency room visit and an increased need for medications and increased costs. >> i would have to have insurance. i mean i don't think goikd without. >> contribution of the healthcare act oppose the provision whereby everyone must buy health insurance, or face a fine starting in 2014. a poll out today shows most americans oppose the president's healthcare reform, although they support most of its provisions. the new po
the next day the city council may adopt a special budget to cover its projected $26 million deficit in case it files for bankruptcy. if negotiations fail, stockton's lawyers could file for chapter 9 bankruptcy on wednesday. >>> the supreme court is expected to hand down its ruling on president obama's healthcare act in the next 23u days. analysts expect justices to strike down at least part, if not the entire law. supporters of the affordable care act say it benefits everyone from...